As has been the case throughout much of this recession, there are more Lake Oswego short sales on the market than there are foreclosures, yet it is the foreclosures that are selling.
LAKE OSWEGO REAL ESTATE SHORT SALES VS. FORECLOSURES
For the first half of 2011 from January 1 to June 30, 2011, here are the Lake Oswego real estate stats for active, pending and sold short sales and foreclosures for condos, townhouses, attached vs. single family houses.
| January 1 to June 30, 2011 = First Half of 2011 | Active | Pending | Sold |
| LAKE OSWEGO | |||
| Short Sales | |||
| Condos | 25 | 0 | 9 |
| Single Family Houses | 43 | 3 | 24 |
| LAKE OSWEGO | |||
| Bank-owned Foreclosures | |||
| Condos | 2 | 1 | 31 |
| Single Family Houses | 6 | 0 | 37 |
| Source: RMLS™ Copyright Betty Jung 2011 |
INVENTORY DECREASING
If you’re in the market to purchase a Lake Oswego short sale or bank-owned property, inventory is decreasing and you may have “slim pickings” soon unless some of that shadow inventory is released by the banks.
Are you needing to sell your home on a short sale? Give me a call at 503-804-9685 and I can help get your home sold.
ALL ABOUT…..Lake Oswego Real Estate. © Copyright 2008-2011. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of federal copyright laws.
